VOICED : Corte Suprema frena el tarifazo en Argentina

The Supreme Court of Argentina ordered President Mauricio Macri to suspend the gas tariff increase. The government agreed to comply and will instruct companies to revert to previous tariffs. The tariff adjustments aimed to reduce a 7% fiscal deficit from 2015, but were implemented without public hearings, which the court now mandates. Public sentiment supports the rollback due to affordability issues. The court's decision led to a drop in energy stocks. The government plans to hold public hearings in three weeks. Over the past 12 years, subsidies for gas and electricity exceeded $76 million.

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